7.22 Midday BTC/ETH Market Analysis — Shiyuan’s View



BTC
Current: around 65,899.
Key support: 65,800 - 66,000. This is the prior platform top; after pulling back here, if it holds, it can rise again.
Resistance above: 66,924 (previous high).
View: As long as it doesn’t fall below 65,800, the uptrend hasn’t broken. It’s likely to range and consolidate first, then attempt another breakout.

ETH
Current: around 1,916.
Key support: 1,900 - 1,910. It has already broken below the previous support (1,925), and is weaker than BTC. Now it’s defending the 1,900 integer level.
Resistance above: 1,930 and 1,953 (previous high).
View: The trend is relatively bearish and needs to probe a bit lower. Be careful: after a break below 1,900, it could accelerate downward. A bounce toward 1,930 is a selling point.

Suggestions:
BTC: Focus on 65,800. Aggressive traders can consider going long here, with a stop loss set slightly below the prior low.
ETH: Don’t act yet—wait for 1,900 to stabilize; or wait for a rebound to 1,930 that fails and then open a short. $BTC $ETH
BTC-0.52%
ETH-0.96%
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